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of the keystone pipeline now given everyone who was reelected and elected and what you're facing in washington? >> well, i think that will be the first real test. even with the changes in the election, there is still majority of support both in the senate and in the house for the keystone excel pipeline, i might add on a bipartisan basis the president implicitly indicated he would approve the second leg from canada down after the election. remember those comments? melissa: oh, yeah. >> we're waiting to see if he follows through. that will be the first test if his words really meant something during the election. melissa: jack, we'll keep an eye on that. remind us if we forget to check in on that because that's an important point. >> we will remind you, melissa and we'll stay in touch. melissa: thank you so much. time for today's fuel gauge report. first up oil prices bounced back after plunging nearly 5% yesterday. better than expected u.s. jobs data and passage of a greek austerity bill helped push crude up .8 of a percent. gas rationing is imposed in new york city, i don't like that as well
of the keystone pipeline now given everyone who was reelected and elected and what you're facing in washington? >> well, i think that will be the first real test. even with the changes in the election, there is still majority of support both in the senate and in the house for the keystone excel pipeline, i might add on a bipartisan basis the president implicitly indicated he would approve the second leg from canada down after the election. remember those comments? melissa: oh, yeah....
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Nov 21, 2012
11/12
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no leadership back in washington, d.c. in the republican party back there. there's no voice. there's no message. there's nothing to combat the message of the democrats of inclusion. the republican party has become the party of exclusion, not inclusion. they talk about ronald reagan, but they don't embrace who ronald reagan was. when you don't have a clear message and there's not a message of inclusion, it's only exclusion. if you're hispanic or asian in the united states of america, what you think of the republican party is they want to get you out of the state or out of the country. they don't want to include you in the country. they have to work on that. i was at a meeting just the other day -- you will love this one -- i was speaking to 400 people in florida. i said the same thing you have to be a party of inclusion. i said if i could make my point, would all the blacks in the room please stand up? not one black in the room. there were two hispanics. if the republican party is not going to reach out and find common ground with these other groups that live in the united sta
no leadership back in washington, d.c. in the republican party back there. there's no voice. there's no message. there's nothing to combat the message of the democrats of inclusion. the republican party has become the party of exclusion, not inclusion. they talk about ronald reagan, but they don't embrace who ronald reagan was. when you don't have a clear message and there's not a message of inclusion, it's only exclusion. if you're hispanic or asian in the united states of america, what you...
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i don't really want politicians in washington deciding what's fair. i don't necessarily think, they're not my moral gauge. >> not your moral compass. well, they shouldn't be. the reason i wrote the book because we knew that months and months before the election the fundamental theme of obama was going to be class division and class warfare and this whole fairness theme. the point of the book, i don't want to ruin the conclusion, the ending but really is free enterprise system as you know, melissa, it is one that creates the system, that creates the most jobs and most income and opportunity and it is, in my opinion the fairest of them all. you look at other countries that have less free market systems. they're less fair than the united states, not more so. melissa: yeah. so the argument the free market folks make is what we're looking for is equality of opportunity, not equality of outcome. >> that's right. melissa: we don't want to redistribute income. but president obama would say, and responds many times, but the people with the great outcome, a lot
i don't really want politicians in washington deciding what's fair. i don't necessarily think, they're not my moral gauge. >> not your moral compass. well, they shouldn't be. the reason i wrote the book because we knew that months and months before the election the fundamental theme of obama was going to be class division and class warfare and this whole fairness theme. the point of the book, i don't want to ruin the conclusion, the ending but really is free enterprise system as you know,...
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Nov 28, 2012
11/12
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in washington that is nothing, going over the cliff. we were looking more than 600 dal billion in tax increases and spending cuts. wall street was pleased what they heard today. the president is meeting with top ceos as we speak. make of that what you like. with his take, wyoming senator john barrasso. thanks for coming back to the show. we always appreciate your time. >> thank you, melissa. melissa: what do you think? are we getting closer? to me 23 dal billion, that is a little money. but to you guys that is coins in the couch cushion. >> i want to find a solution. i want us to get to an answer on this. some democrats said we should go over the fiscal cliff. i think that would be a mistake. i met earlier today with the same ceos that the president is meeting with at this hour. we need to find a solution. it has to be a he had consider credible solution as well a long-term solution that is the markets can look out and have some confidence in that the cuts are real. that the spending is under control. and that our country is on fiscal -
in washington that is nothing, going over the cliff. we were looking more than 600 dal billion in tax increases and spending cuts. wall street was pleased what they heard today. the president is meeting with top ceos as we speak. make of that what you like. with his take, wyoming senator john barrasso. thanks for coming back to the show. we always appreciate your time. >> thank you, melissa. melissa: what do you think? are we getting closer? to me 23 dal billion, that is a little money....
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Nov 15, 2012
11/12
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number one, if you added up all the lobbyists in washington, d.c. and sort of added all of their revenue together, they would be, combined one of the largest corporations in america. they get paid to find and carve out these special tax breaks, special spending, special subsidy sis, in the budget that's what they're there for. it is a huge industry. they don't want to go away. melissa: no. >> if you want to argue, if you want to argue that corporations are strong with, you know, and they run america which is what we hear from a lot of people out there, the lobbyists are a massive entity. melissa: they are. and i want to get to some of our other ideas before we run out of time. i love the post office but we could save billions if we stop saturday delivery. it could be $5.2 billion by 2020. we also are spending some money on research that i'm not sure we need to do. it is only $547,000 but we are financing the research of dancing robots for iphones. i think we have a picture of them there. i know it is only a drop in the bucket but i feel like before
number one, if you added up all the lobbyists in washington, d.c. and sort of added all of their revenue together, they would be, combined one of the largest corporations in america. they get paid to find and carve out these special tax breaks, special spending, special subsidy sis, in the budget that's what they're there for. it is a huge industry. they don't want to go away. melissa: no. >> if you want to argue, if you want to argue that corporations are strong with, you know, and they...
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Nov 16, 2012
11/12
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peter barnes is in washington to update us. >> lori, annual audit released today found the fha which insurance $1.1 trillion mortgages with very lowdown payments has a $16.3 billion capital short fall because of mortgages going bad. >> one out of every six loans are delinquent. they have 17% delinquency rate on 7 1/2 million loans. those are the facts. congress has to do something to address this. they can't let this go on. there will be a bailout, the longer it goes on the greater likelihood of a bailout. >> the fha is downplaying the possibility today. it expects to add $11 billion in new capital from new business in the year ahead. it also announced a slight increase in fees today and some other new steps to improve its finances. it hopes all of this will put its capital position back in the black within the year. that the agency said should reduce the likelihood that it will need to tap its credit line with the treasury. officials say they won't make any announcement about that until the president releases his 2014 budget in february. lori? lori: all this as the housing market st
peter barnes is in washington to update us. >> lori, annual audit released today found the fha which insurance $1.1 trillion mortgages with very lowdown payments has a $16.3 billion capital short fall because of mortgages going bad. >> one out of every six loans are delinquent. they have 17% delinquency rate on 7 1/2 million loans. those are the facts. congress has to do something to address this. they can't let this go on. there will be a bailout, the longer it goes on the greater...
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Nov 29, 2012
11/12
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david: our next guest says leaders in washington are not the only ones that can help our fiscal health the wall street has to step up as well. joining us former fdic chair, author of, bull by the horns, i love the name of that book. sheila. >> nice to be here, thank you. david: you want to increase taxes on investment. a lot of these taxes have come down tremendously over the past 15 years. of course it started with the clinton administration when he cut capital-gains taxs. >> he did. david: usually the more you tax something the less you get of it as a result. >> correct. david: don't we want more investment now? >> well, i think there is plenty of investment dollars out there. just they're not going into very productive investments. you know, look, the issue is not whether you want to penalize the investment income. the issue whether you want to penalize wages and we pay substantially higher rates on wage income which is where most americans get their money, than we do investment income. no economic research that shows that having a lower capital gains rates spurs investment that cre
david: our next guest says leaders in washington are not the only ones that can help our fiscal health the wall street has to step up as well. joining us former fdic chair, author of, bull by the horns, i love the name of that book. sheila. >> nice to be here, thank you. david: you want to increase taxes on investment. a lot of these taxes have come down tremendously over the past 15 years. of course it started with the clinton administration when he cut capital-gains taxs. >> he...
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Nov 22, 2012
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i wholeheartedly agree there is a major push from washington to go to college. take out student loans. the ceo of the company of air products he came out of vocational school and has risen to the top and he did attend college later. he makes over $10 million per year. john: and the department of labor critics job openings 14 percent job growth. electricians 23%. plumbers and pipefitters. heating and air-conditioning. 34%. >> they are unfilled and many positions open over one year. >> most americans think it is said good idea to raise minimum wage. i say it kills jobs. credit and susteren talks about her jobs. >> my first jobwas thought to a delicatessen. >> kids have a lemonade stand. i would buy stuff and sell it for more. >> my first one is as a janitor with an engineering firm. john: incongruous raise minimum waggs $70 $0.25 per hour per pronouns they want to raise its $10 per hour. it is logical to think that gives every worker more to spend. that is good for the economy. no surprise 2/3 support the $10 minimum wage. one sponsor is from minnesota, representa
i wholeheartedly agree there is a major push from washington to go to college. take out student loans. the ceo of the company of air products he came out of vocational school and has risen to the top and he did attend college later. he makes over $10 million per year. john: and the department of labor critics job openings 14 percent job growth. electricians 23%. plumbers and pipefitters. heating and air-conditioning. 34%. >> they are unfilled and many positions open over one year....
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Nov 30, 2012
11/12
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"washington post," new york times, one or two times at most that they had ever used it prior to that. john: what is the agenda? >> well, always the activists who are pushing against the food in general. what happened was this comes from a movie. a lot of the bad things in society come from mvies. shooting to put out by participant media so there were so proud of this process just amazing to look at. thee let these people and the videotape. you don't dare let anybody videotape anything because they demonized. john: the company closed three out of four plants, laid-off workers. >> in the economic down is far worse than that. john: has not been a single incident of anybody beig hurt. and what the industry calls it is just lean beef trimmings or finely textured. no slimy than other parts of beef. >> the company here hasreceived awards for how good a job they do for consumer safety. it was just one constant is a job. john: and that the company is suing abc. i don't like that. that is saying we disagree and you should just shut up. there ought to be some other way to fight back. but the fre
"washington post," new york times, one or two times at most that they had ever used it prior to that. john: what is the agenda? >> well, always the activists who are pushing against the food in general. what happened was this comes from a movie. a lot of the bad things in society come from mvies. shooting to put out by participant media so there were so proud of this process just amazing to look at. thee let these people and the videotape. you don't dare let anybody videotape...
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Nov 18, 2012
11/12
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i did hear something more worrying, deficits that keep getting worse and a washington that just doesn't work. i will give the president his due, he might have gotten a nod on going after the rich, but i do not think he got a pass on running rough shod over everybody else. to ben stein,harles payne, dagen mcdowell along with adam lashinsky and charlie gasperino. charles, what do you think. >> spending, spending, spending, for me it's like we'll cut to the chase, let's just take it all away and collapse this thing. it's nuts. it really is nuts. now what bothers me we keep talking about the rich and it's 250,000, it's not rich people, it's small businesses, it's already a disaster as it is, but to have the nerve to come out and say, hey, let's stimulate again and create a few temporary jobs and let's do deficit spending, it's working out. boggles the mind. >> ben stein, that struck me, i'm not surprised at the president and argue na people did other choices in the presidential election, with the president's vision and mitt romney's vision and part of that romney with the idea to leave the
i did hear something more worrying, deficits that keep getting worse and a washington that just doesn't work. i will give the president his due, he might have gotten a nod on going after the rich, but i do not think he got a pass on running rough shod over everybody else. to ben stein,harles payne, dagen mcdowell along with adam lashinsky and charlie gasperino. charles, what do you think. >> spending, spending, spending, for me it's like we'll cut to the chase, let's just take it all away...
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Nov 18, 2012
11/12
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. >> this is the washington mentaly. let's see what wcan get in under the gun. christian, five seconds. >> yeah. i think we all agree that the timing is wrong, but jonathan, you are absolutely dead wrong, especially your being a market guy. you should recognize that the price of car done does not reect its cost and the carbon tax is designed tho do that. but we shouldn't look at it as a big revenue raiser. we should look at it as a way to normalize the market and make it equitable. >> i want to stay on this environmental story because coming up, lights are still out for lots of sandy victims. for lots of sandy victims. now there is a plan t t t t t 4g lte is the fastest. so, which supeast 4g lte service would yochoose, based on this chart ? don't rush into it, i'm not looking for the fastest answer. obviously verizon. okay, i have a different chart. going that way, does that make a difference ? look at verizon. it's so much more than the other ones. so what ife just changed the format altogether ? isn't that the exact same thing ? it's pretty clear. still sticki
. >> this is the washington mentaly. let's see what wcan get in under the gun. christian, five seconds. >> yeah. i think we all agree that the timing is wrong, but jonathan, you are absolutely dead wrong, especially your being a market guy. you should recognize that the price of car done does not reect its cost and the carbon tax is designed tho do that. but we shouldn't look at it as a big revenue raiser. we should look at it as a way to normalize the market and make it equitable....
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Nov 30, 2012
11/12
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"washington post," new york times, one or two times at most that they had ever used it prior to that. john: what is the agenda? >> well, always the activists who are pushing against the food in general. what happened was this comes from a movie. a lot of the bad things in society come from movies. shooting to put out by participant media so there were so proud of this process just amazing to look at. thee let these people and the videotape. you don't dare let anybody videotape anything because they demonized. john: the company closed three out of four plants, laid-off workers. >> in the economic down is far worse than that. john: has not been a single incident of anybody being hurt. and what the industry calls it is just lean beef trimmings or finely textured. no slimy than other parts of beef. >> the company here has received awards for how good a job they do for consumer safety. it was just one constant is a job. john: and that the company is suing abc. i don't like that. that is saying we disagree and you should just shut up. there ought to be some other way to fight back. but the
"washington post," new york times, one or two times at most that they had ever used it prior to that. john: what is the agenda? >> well, always the activists who are pushing against the food in general. what happened was this comes from a movie. a lot of the bad things in society come from movies. shooting to put out by participant media so there were so proud of this process just amazing to look at. thee let these people and the videotape. you don't dare let anybody videotape...
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Nov 10, 2012
11/12
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washington can't get its act together. speaker boehner challenging president obama to lead us. his first comments on the economy sense reelection, he seems emboldened by his reelection. with more on this, chris stirewalt. it is great to have you here. i want to start by talking about what the president had to say today. he seemed pretty firm on what he said so far about what we need to do with taxes in this country. here is the president. >> i am open to compromise. i am open to new ideas. i am committed to solving our fiscal challenges. but i refuse to accept any approach that is not balanced. i am not going to ask students and seniors and middle-class families to pay down the entire deficit while people like me, making over $250,000 are not asked to pay a dime more in taxes. [applause] gerri: chris, jay carney comes out a few minutes later and he says, well, the president says he will raise taxes on wealthy. so where is the compromise? >> the hope is that the compromise lies in a broader reform. but as you know, this comes down to chime in. you have the fiscal cliff. what dem
washington can't get its act together. speaker boehner challenging president obama to lead us. his first comments on the economy sense reelection, he seems emboldened by his reelection. with more on this, chris stirewalt. it is great to have you here. i want to start by talking about what the president had to say today. he seemed pretty firm on what he said so far about what we need to do with taxes in this country. here is the president. >> i am open to compromise. i am open to new...
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Nov 18, 2012
11/12
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. >> this is the washington mentality. let's see what we can get in under the gun. >> christian, five seconds. >> yeah. i think we all agree that the timing is wrong, but jonathan, you are absolutely dead wrong, especially your being a market guy. you should recognize that the price of car done does not reflect its cost and the carbon tax is designed tho do that. but we shouldn't look at it as a big revenue raiser. we should look at it as a way to normalize the market and make it equitable. >> i want to stay on this environmental story because coming up, lights are still out for lots of sandy victims. now there is a plan t t t t t see you then. >> nearly three weeks after super storm sandy and thousands of people still without power. now calls to start burying power lines under ound everywhere to keep people out of the dark after future storms. but that could cost as much as $2 million per mile in many cities. tracy, do you think it's worth the cost to avoid the large scale power outages in the future, like we've just had
. >> this is the washington mentality. let's see what we can get in under the gun. >> christian, five seconds. >> yeah. i think we all agree that the timing is wrong, but jonathan, you are absolutely dead wrong, especially your being a market guy. you should recognize that the price of car done does not reflect its cost and the carbon tax is designed tho do that. but we shouldn't look at it as a big revenue raiser. we should look at it as a way to normalize the market and make...
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washington d.c. look at those markets, they are doing well. i just left south florida yesterday and in south florida alone there are 82 new construction projects on the board, a third of which are under construction out. that to me look the lot like the mid 1990s when we were coming out of a similar economic recession. >> the housing market will be stronger. no doubt about that. the american action forum held housing events across the country, in las vegas and phoenix and orlando next tuesday and columbus, ohio. different market. the takeaway from those events, there's not a single housing market but a lot of housing markets. the story is not uniformly good and in places where we thought was pretty strong like phoenix, ariz. there's a lot of concern about the fact these are mostly cash, investor class going in and trying to make a little money quickly. that is good news. doesn't look like the sustained growth that we want. i personally am worried about the credit availability so the combination of dodd-frank and the new international court bat
washington d.c. look at those markets, they are doing well. i just left south florida yesterday and in south florida alone there are 82 new construction projects on the board, a third of which are under construction out. that to me look the lot like the mid 1990s when we were coming out of a similar economic recession. >> the housing market will be stronger. no doubt about that. the american action forum held housing events across the country, in las vegas and phoenix and orlando next...
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Nov 21, 2012
11/12
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-pi want to pick up on somethina report out of washington was talking about. several unions have taken companies down as in the case of hostess or with regard to walmart picking black friday to protest. from a jobs perspective does this concern you that we are going to see some issues in the labour market because of these union protests? >> anything that adds complexity or lack of direction to the economy and decisions we are making will make it more difficult to us to create jobs and what will happen is companies will move from being proactive in anticipating the future to be reactive and only doing what they have to do until things become more clear. cheryl: you in your survey stock to many corporate ceos who say we are concerned about health care. they talk about the cost of having full time employees. in 2013, we will see a shift and part-time workers across the country? >> corporate america, the document is hundred of thousands of words. hard to decipher. no one has a handle on what is going to happen to health care rather than big picture. will force com
-pi want to pick up on somethina report out of washington was talking about. several unions have taken companies down as in the case of hostess or with regard to walmart picking black friday to protest. from a jobs perspective does this concern you that we are going to see some issues in the labour market because of these union protests? >> anything that adds complexity or lack of direction to the economy and decisions we are making will make it more difficult to us to create jobs and...
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Nov 15, 2012
11/12
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and probably means regulation, a gusher of money coming into washington. here is new at 10 we'll tell you exactly what the president said. that's top of the hour on climate change. now, we'll get to toyota. bouncing back, is that right? and nicole, i want to know how much it's bouncing back, but why is it doing it. >> sound the bells and the whistles, throw the confetti. take a look here at toyota motor. it's a great day when you start to see a company trying to do the right thing, doing recalls in order to, in this case, fix water pump defense and we heard about 2.7 million recalls yesterday from toyota motors and much more forthright than years ago. here it is bouncing back after selling off. >> that's interesting, nicole, if you're forthright about a recall and a problem with many so of your cars, you're rewarded with what, a 4% bounce of your stock, that's interesting. >> you know, it's the right thing to do, ahead of the game and the article i was reading is about brand division and how many recalls can people really handle. so, that's the one, you kn
and probably means regulation, a gusher of money coming into washington. here is new at 10 we'll tell you exactly what the president said. that's top of the hour on climate change. now, we'll get to toyota. bouncing back, is that right? and nicole, i want to know how much it's bouncing back, but why is it doing it. >> sound the bells and the whistles, throw the confetti. take a look here at toyota motor. it's a great day when you start to see a company trying to do the right thing, doing...
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the fight is on in washington. known new at 10:00 harry reid is also playing a bomb blamed game with hurricanes and the. he is not going after fema's slow response. he is blaming global warming for the storm's destruction. you can expect him to push his green agenda using part of millions on the east coast. we will get to that. check the big board. we are 25 points. not much of a rebound from the 300 point loss. the obama sell-off of yesterday. here there there is a morning co. a liz macdonald is back from staten island. welcome back. stranded island. david asman is with us and nicole petallides on the floor of the stock exchange. let's look at the beverage company monster. nicole: stock to the downside this morning. we have been familiar with a lot of investigations to the safety of the energy drinks. monster holds strong saying there are no issues with their drinks. there have been hard attacks and questions. they came with numbers smaller than expected profit and spending on promotional spending so we are seeing
the fight is on in washington. known new at 10:00 harry reid is also playing a bomb blamed game with hurricanes and the. he is not going after fema's slow response. he is blaming global warming for the storm's destruction. you can expect him to push his green agenda using part of millions on the east coast. we will get to that. check the big board. we are 25 points. not much of a rebound from the 300 point loss. the obama sell-off of yesterday. here there there is a morning co. a liz macdonald...
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Nov 27, 2012
11/12
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a washington, a fly in the ointment, deal negotiations have stalled. senate majority leader reid says little progress is being made so the fiscal cliff remains a distinct possibility come january 1st, keeping some buyers on the side lines as well. that's what you see here. coming up, governors can't afford to stall. they have to balance their budget. day two of our governors on the edge, our series on how individual states are dealing with the budget mess. it is a fox business exclusive. delaware governor has some ideas. you have to hear what he has to say. the nasdaq, trying to tune out all the noise. if the nasdaq can turn it around and post positive gains here by the close, it will be the seventh straight day of gains, the longest winning streak in 16 months, seven days in a row, and yes, i know, positive gains is redundant. just seeing if you're paying attention. you know what? somebody is always making money. don't ever let the markets fool you. if something is down, somebody else is making money on the other side. let's find out from our traders
a washington, a fly in the ointment, deal negotiations have stalled. senate majority leader reid says little progress is being made so the fiscal cliff remains a distinct possibility come january 1st, keeping some buyers on the side lines as well. that's what you see here. coming up, governors can't afford to stall. they have to balance their budget. day two of our governors on the edge, our series on how individual states are dealing with the budget mess. it is a fox business exclusive....
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Nov 23, 2012
11/12
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people kept on moving from the east coast to the west coa george washington called in bandied. the band is don't have a right to be here. congressan around and said, oh, yes they do. you start rewarding property on the basis of improvement. john: we did not always have these in america. american settlers worked out their own generally exempted right to property. >> those areas where you shaved off part of the tree. indicate they had accepted it. in some cases where they grew corn, for example, the corn grew from here to there and that established a ri from here to there. those are actually called corn rights. it was an improvement on land that gave you the type. you had worked it. john: still developing such property rights. >> much of the countryside, the past prevail. >> the whole notion of property rights has been pretty alien tow formerly socialist countries because right from the beginning , in the 19th century, property -- john: compare the countryside to cities like shanghai. >> i visited shanghai about 30 years ago. none of these buildings existed at that time. it is in
people kept on moving from the east coast to the west coa george washington called in bandied. the band is don't have a right to be here. congressan around and said, oh, yes they do. you start rewarding property on the basis of improvement. john: we did not always have these in america. american settlers worked out their own generally exempted right to property. >> those areas where you shaved off part of the tree. indicate they had accepted it. in some cases where they grew corn, for...
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Nov 15, 2012
11/12
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rich edson is in washington with the latest. rich: since the election, they have been staking out their opening fiscal cliff positions. for the president and democrats, increase taxes on those earning more than $250,000 a year. opposing republicans who want no increases. >> it is politically unsustainable and the policy makes no sense for them to say that nobody in the country gets extended tax relief unless higher income individuals get a bonus tax break. >> an opening bid of $1.6 trillion in new taxes. that just is not serious. it amounts to about $0.20 to every dollar in tax cuts. in other words, no cut that off. it is a joke. a joke. rich: the opening offer is basically what he has already suggested. $1.6 million of tax increases on families earning more than $250,000 a year. curbing the value of the deductions brings in more than a half trillion. limits on deductions raises another 120 billion. it means $243 billion more in taxes. that and a handful of others leads to many over the next decade. the president says he is open
rich edson is in washington with the latest. rich: since the election, they have been staking out their opening fiscal cliff positions. for the president and democrats, increase taxes on those earning more than $250,000 a year. opposing republicans who want no increases. >> it is politically unsustainable and the policy makes no sense for them to say that nobody in the country gets extended tax relief unless higher income individuals get a bonus tax break. >> an opening bid of $1.6...
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in an abc news washington post poll 78% of likely voters rated his performance, his response as excellent or good. now things are starting to get ugly. staten island new york, one of the hardest hit areas and many people are complaining that just not enough is actually being done on the ground. and the gas shortage that we've talked about already, could turn into a huge problem. what about the president's image doling out the help in times of disaster? joining us now is herman cain. welcome to the cram and glad to have you back again. >> thank you. stuart: do you think that the president's image, which was pretty good in initial response to the disaster, could now be tarnished? what do you think? >> it definitely will be tarnished. yes, he did a great job of showing on a timely basis, doing the photo-op. flying around with governor christie, kudos for that. now go talk to the people who are in line trying to get gas. people who have no power, and it's going to get cold. people who don't even have food. people who can't even find their homes, where is all of this help unencumbered by red t
in an abc news washington post poll 78% of likely voters rated his performance, his response as excellent or good. now things are starting to get ugly. staten island new york, one of the hardest hit areas and many people are complaining that just not enough is actually being done on the ground. and the gas shortage that we've talked about already, could turn into a huge problem. what about the president's image doling out the help in times of disaster? joining us now is herman cain. welcome to...
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Nov 15, 2012
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they have a major, major portion of the lobbying efforts and the pressure that is applied in washington. what is your reaction? >> these are good people, smart people, intelligent. but you really have to look at how rare motivated differently than small businesses would be. these large businesses can be the subject of government actions. it's easy to kind of select them, move them out. they can be subject to attack. they also are sometimes bsidized. i have to worry about subsidies, and that may have government contracts. small businesses aren't cocerned with those things. small-business can make a much better case to the president as to what needs to be done in this economy to create jobs. what would it take for small businesses, businessman women to create jobs and grow the economy? he just is to ask. i think he would get a very consistent answer. he does need to keep talking to the same high-level executives that he has been talking to. tony's to get down into levels and talk to small businessmen women lou: let's you and i get to some brass tacks. we are talking about raising the top
they have a major, major portion of the lobbying efforts and the pressure that is applied in washington. what is your reaction? >> these are good people, smart people, intelligent. but you really have to look at how rare motivated differently than small businesses would be. these large businesses can be the subject of government actions. it's easy to kind of select them, move them out. they can be subject to attack. they also are sometimes bsidized. i have to worry about subsidies, and...
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Nov 15, 2012
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gerri: in washington, the debate over the fiscal cliff between republicans and democrats. it is really about the role of government. how big should it be? how much of our lives should it control? if you have any questions about the effectiveness of government, look no further than the long island power authority. the authority authority is one of some 2000 publicly owned utilities serving 46 million americans. the board of directors call the shots. the members are chosen by new york's governors. it has called attention to itself in the wake of hurricane sandy and not in a good way. getting the lights back on in hard-hit long island has been a bust. that is according to most sources. the performance was not prepared >> i think they were noncommunicative in the response. i think they're noncommunicative nets actually exacbated the situation. you know, people understood and just tell me the facts. tell me one. tell me how. give me an idea. gerri: it's hard to argue with that. two days after the storm, an overwhelming 1.1 million customers without power. five days later, power
gerri: in washington, the debate over the fiscal cliff between republicans and democrats. it is really about the role of government. how big should it be? how much of our lives should it control? if you have any questions about the effectiveness of government, look no further than the long island power authority. the authority authority is one of some 2000 publicly owned utilities serving 46 million americans. the board of directors call the shots. the members are chosen by new york's...
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my congressional district and throughout the country and people really look at washington. they see it is dysfunctional and they know we have to make changes to try to get things headed into the right direction again. i've been an independent-minded legislator a number of years. i done it here in the boston at the statehouse. i can do it in capitol hill. try to work across the aisle to come up with swo solutions for our country. melissa: do you think it would be a good idea for mitt romney at end to do the ad? >> might not hurt. just send it off to him. run it in some of the swing states at the end. melissa: all right. good luck to you. thank you for coming on. >> thank you very much for having me. melissa: talk about two americas? that picture on your screen we're about to show you isn't a line for car fuel. it is for nerd fuel. details how people clamored, i don't know if we have the picture for the new ipad mini despite the east coast coming to a standstill. we'll show you the picture when you come back. you can never have too much money. ♪ offering to pay for them on
my congressional district and throughout the country and people really look at washington. they see it is dysfunctional and they know we have to make changes to try to get things headed into the right direction again. i've been an independent-minded legislator a number of years. i done it here in the boston at the statehouse. i can do it in capitol hill. try to work across the aisle to come up with swo solutions for our country. melissa: do you think it would be a good idea for mitt romney at...
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Nov 15, 2012
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this government is big enough, and that we do not have a revenue problem we have a spending problem in washington. neil: i do not hear it out of the leaders, you are closer to this than i will be, but judge from appointment made in the house from reads of riot acrom speaker boehner to republican groups to many tea partiers, message of get in line, what do you make of that? >> it may be true. it is hard to read too much into those statements and hard to come to firm conclusions right now to what they mean. those of us who owe our election to this movement. who understand that our constituents expect to us hold government spending, need to stay true to our principles and remember why we came here. neil: well, some -- i can understand maybe some disappointment at tea party senate candidates who seem to grab defeat from the jaws of what looked like victory. i can understand frustration on part of some republicans, but they forget the tea party that brought so many of you to power and house provided 80 something odd you know restless revolutionaries to two took over the place. i am wondering some tea
this government is big enough, and that we do not have a revenue problem we have a spending problem in washington. neil: i do not hear it out of the leaders, you are closer to this than i will be, but judge from appointment made in the house from reads of riot acrom speaker boehner to republican groups to many tea partiers, message of get in line, what do you make of that? >> it may be true. it is hard to read too much into those statements and hard to come to firm conclusions right now...
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Nov 26, 2012
11/12
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we head÷ú to washington, d.c. for the late@d"on the negotiations. ♪ ♪ tdd#: 1-800-345-2550 this morning, i'm going to trade in hong kong. tdd#: 1-800-345-2550 after that it's on to germany. tdd#: 1-800-345-2550 then tonight, i'm trading 9500 miles away in japan. tdd#: 1-800-345-2550 with the new global account from schwab tdd#: 1-800-345-2550 i hunt down opportunities around the world tdd#: 1-800-345-2550 as if i'm right there. tdd#: 1-800-345-2550 and i'm in total control because i can trade tdd#: 1-800-345-2550 directly online in 12 markets in their local currencies. tdd#: 1-800-345-2550 i use their global research to get an edge. tdd#: 1-800-345-2550 their equity ratings show me how schwab tdd#: 1-800-345-2550 rates specific foreign stocks tdd#: 1-800-345-2550 based on things like fundamentals, momentum and risk. tdd#: 1-800-345-2550 and i also have access to independent tdd#: 1-800-345-2550 firms like ned davis research tdd#: 1-800-345-2550 and economist intelligence unit. tdd#: 1-0-345-2550 plus, i can ta
we head÷ú to washington, d.c. for the late@d"on the negotiations. ♪ ♪ tdd#: 1-800-345-2550 this morning, i'm going to trade in hong kong. tdd#: 1-800-345-2550 after that it's on to germany. tdd#: 1-800-345-2550 then tonight, i'm trading 9500 miles away in japan. tdd#: 1-800-345-2550 with the new global account from schwab tdd#: 1-800-345-2550 i hunt down opportunities around the world tdd#: 1-800-345-2550 as if i'm right there. tdd#: 1-800-345-2550 and i'm in total control because i...
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Nov 23, 2012
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so it's really incumbent upon washington to define the regulatory and the tax and the fiscal landscape in a positive way. lou: and going to go through some of your look. you are saying that if we go over the cliff, tax hikes, spending cuts will translate into sequestration and collapse of the bush tax cuts. the tax hikes and spending cuts would translate into a reduction in economic growth of 4%. that's automatic recession. >> absolutely. so the fiscal cliff is a contraction in the government imposed into the economy of 45% of gdp. on the first order that will hit and reduce economic growth from 2 percent down some-1,-2 very easily. lou: in your judgment would be helpful, profoundly helpful for congress and this president to agree that there will leave everything, create a status quo for negotiations on a reform of the tax code that would take place over the course of six to nine months next year and hold in abeyance any changes just simply stopping, for the first time in some time ever, congress and our president actually think through public policy. >> absolutely. tax-cut reform on t
so it's really incumbent upon washington to define the regulatory and the tax and the fiscal landscape in a positive way. lou: and going to go through some of your look. you are saying that if we go over the cliff, tax hikes, spending cuts will translate into sequestration and collapse of the bush tax cuts. the tax hikes and spending cuts would translate into a reduction in economic growth of 4%. that's automatic recession. >> absolutely. so the fiscal cliff is a contraction in the...
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Nov 16, 2012
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scott, the market are watching these negotiations in washington over tax hikes the same way they would watch the fed and the market moved accordingly, don't they? >> unbelievable, minute by minute, second by second. depending on the flavor of the hour, that is how the markets are reacting. we saw the relief rally made a. we saw the relief rally. if nothing comes out over the weekend, nothing further. nothing further comes out, i think we will see some volatility be pumped back into the market come early next week. the fix really retreated from earlier to where we closed today. if nothing comes out positive over the weekend, we will see added to volatility and more pressure next week. liz: anything positive coming out are slim to none. >> they could come up with more rhetoric, still at the table, we are meeting at 8:00 monday morning. not that we will push it down beyond thanksgiving holiday. saying we will not raise back up, only going 2:30 seven. dividend rate will go up, we will not see that. again, we got a knee-jerk reaction, that is what i call it, a knee-jerk reaction when they c
scott, the market are watching these negotiations in washington over tax hikes the same way they would watch the fed and the market moved accordingly, don't they? >> unbelievable, minute by minute, second by second. depending on the flavor of the hour, that is how the markets are reacting. we saw the relief rally made a. we saw the relief rally. if nothing comes out over the weekend, nothing further. nothing further comes out, i think we will see some volatility be pumped back into the...
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Nov 14, 2012
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in other words, what kind of strings are attached out of washington for any of them. have you checked this? remark well, that's a difficult question. we have, in my understanding, around $7 billion from fema right now. there is an additional something like $5 billion that could be made available. we are heering a 30 billion-dollar ticket, right there, that raises a red flag. you just asked what is this for? it is about replacing the grid and i think that it's kind of a stretch. maybe they are using it to pay down their deficit spending. that is not appropriate. that is not what we are here for. we are not here to be a catchall for everything. we are here to help. neil: how does he get it? in other words coming as a democratic spending cut, a democratic friend of the president. is there much difficulty getting the money -- $30 billion -- how does the approval process go? >> he will be applying to fema. fema has $7 million available right now. neil: okay. >> so they will take action to approve the additional spending. and i think there is going to be real questions i'm
in other words, what kind of strings are attached out of washington for any of them. have you checked this? remark well, that's a difficult question. we have, in my understanding, around $7 billion from fema right now. there is an additional something like $5 billion that could be made available. we are heering a 30 billion-dollar ticket, right there, that raises a red flag. you just asked what is this for? it is about replacing the grid and i think that it's kind of a stretch. maybe they are...
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Nov 23, 2012
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. >> well, at some point, everyons says in washington we have to do something about the deficit, and here's a good place to start.str if you need to actually bring i, revenue, the best place to do it is where it does the least harmt that's on tax cuts for the wealthy. that's something that's really unassailable. now, if we were in conditions when we didn't have any deficiti issues, of course, we wouldn't have any need to raise taxes on anyone one, but we have competing priorities and have to find a way to pay for them. melissa: we have a spendingwe problem, h drunken sailors, a credit car to run forever, and we just can't. >> that also has consequences.ee as everyone knows with the looming so-called fiscal cliff discussion, if you cut too muchu you also drive the economy into an abyss so, you know, we'd all like to say we cut spending and live within our means, but it's not as simple as that.ple you can also cut spending too much so that you actually hurtrt the economy you're supposed to help. melissa: so, i agree with whath you are saying, and this is too civil. i got to derail it s
. >> well, at some point, everyons says in washington we have to do something about the deficit, and here's a good place to start.str if you need to actually bring i, revenue, the best place to do it is where it does the least harmt that's on tax cuts for the wealthy. that's something that's really unassailable. now, if we were in conditions when we didn't have any deficiti issues, of course, we wouldn't have any need to raise taxes on anyone one, but we have competing priorities and have...
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Nov 11, 2012
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much more on the fiscal cliff, the irresponsibility with in washington that has led us to extraordinary points and much more on their resignation of cia director david patraeus. for bit 007, we have our own super spy scandal. cia director david patraeus resigns setting an extramarital affair and putting -- quoting does it -- teddy roosevelt in his resignation letter. president obama's reelection reigniting the debate about illegal immigration. what a republican shift on illegal immigration bring hispanic voters under the republican banner? and manhattan institute fellow heather macdonald, our guests next. ♪ lou: president obama was a second term, as a strong support from the latino community among others. so the republicans need to shift their views on immigration reform to convince hispanics they should join the party. the republica party. manhattan institute fellow will be joining us here in moments. talk about just those issues. first we turn our attention to the markets and tonight's moneyline. consumer confidence moving high. reaching a five-year high this month according to the
much more on the fiscal cliff, the irresponsibility with in washington that has led us to extraordinary points and much more on their resignation of cia director david patraeus. for bit 007, we have our own super spy scandal. cia director david patraeus resigns setting an extramarital affair and putting -- quoting does it -- teddy roosevelt in his resignation letter. president obama's reelection reigniting the debate about illegal immigration. what a republican shift on illegal immigration...
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number five is our nation's capital, washington dc. interstate 495, packed with drivers coming from maryland or virginia. drivers spend 45 hours sitting in traffic every year. number four is inconsistent. the golden gate bridge is a constant headache for those in california. number three we head down south to the pacific highway to los angeles. 13 million commuters can you into the city every day. 80% drive and 56 hours spent in idle cars. and of course, new york city, the big apple. they spent 57 hours or two and a half day sitting in traffic, especially if you're trying to get out of town on a friday afternoon. the number one worst city for traffic -- or not to believe this -- honolulu, hawaii. unbelievable. hawaiians would spend an average 50 hours a year. tuesday afternoons are the worst grades and stay on the beach. still to to come, my "two cents more". coming up next, forget u.s. treasuries. some are saying there is a new safe haven for investors looking to stash their cash. we will tell you where it is coming up next gerri: the
number five is our nation's capital, washington dc. interstate 495, packed with drivers coming from maryland or virginia. drivers spend 45 hours sitting in traffic every year. number four is inconsistent. the golden gate bridge is a constant headache for those in california. number three we head down south to the pacific highway to los angeles. 13 million commuters can you into the city every day. 80% drive and 56 hours spent in idle cars. and of course, new york city, the big apple. they spent...
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Nov 14, 2012
11/12
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an impressive list of ceos coming to washington, d.c., to sit out the president and one of them fresh from the meeting to join us on the inside scoop. honeywell chairman and ceo. david: warning if congress fails, everybody's taxes will go up. representative ron paul is skeptical and agreement can be reached by both sides before the big deadline. ron paul here on "after the bell." find out why he isn't expecting a lot from his fellow lawmakers or from the resident and what he wants to see from capitol hill. liz: but first, today's data download. the dow has tumbled to 35% this election day. the steepest six-day drop the whole year. the astro astros and financial worst-performing s&p sectors. retail sales falling for the first time in three months in october. hurricanehurricane sandy's sout. after climbing 1.3% in september. all that good will from september certainly got washed a little bit away from hurricane sandy. largest fallethe largest fall in one year. watch out for auto sales. maybe they will be buying and we will see it go higher. prices snapping four straight month of gains.
an impressive list of ceos coming to washington, d.c., to sit out the president and one of them fresh from the meeting to join us on the inside scoop. honeywell chairman and ceo. david: warning if congress fails, everybody's taxes will go up. representative ron paul is skeptical and agreement can be reached by both sides before the big deadline. ron paul here on "after the bell." find out why he isn't expecting a lot from his fellow lawmakers or from the resident and what he wants to...